Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-06-08

49, Wv VI - SOeA ooasD1@9 ~ JUS
The time that IL ID generally sxpsosed 10
matsrisliSs- Any person Who IL
familiar With The history Of Wall street.
o. who has followed the course Of spsou-
isiion IL oil o. wheat, knows that the
men Who Ret Jeff are the ones Who wait
For she event 70 happen that Il sxpaolsd
b warrant the advance. A little reflso-
elem will shOw how natural this IA. Take
for EXAMPLE, Q Failroad stock that e
largely apeeulated In. some connection
OF extensions IL plaGned by the manage
msnt shAa h expected 10 result advAn.
saeeoualy 10 the road. Before the sut.
SIDE public dream Of what IL going on
the men Who have the Tip" 90 int the
market and load up. Then the good
news IL allowed to leak out gradually
and eventually everybody knows 10
Upon the strength Of what Ia going Ic
happen ihe public buys, and the pFios
OF the stock 10 run up rapidly. Their
the insiders begin to realize. and WhIIs
che boom 10 on they make q hAndsoms
profit. The public, hsWever, wait fol
the good news 10 mateFlalIse, and hsps
that when the expected advantage 10 en-
AssuFee fact they will be able 10 cell out
a. profit. The result is that when the
connection or sxtensisn, or whatever
the advantage IL, IL ooHsammated every.
body WaRta 10 realize the expected
profit and there IL 9 rash 10 sell. Thil
means q sharp decline, and "the lanbs'
Who expected 10 make q fortune, see
thsiF pager profits mslt away like dsu
before ths morning sun.
The same reasoning applies 10 an en-
tensive and we'll planned real estate
boom. such a. the NoFthsrn Pacific
Railroad have been trying to work %
ct Tacoma. OF course the men who
got In at Ihe bottom paid almsst moth.
ing for the land that they acquired.
but many man who now own real estate
In Tacoma, bought il at an inflated
value. That is they discounted the ia
tuTs and paid for the land even more
than u vould be worth when the Gas.
oade Division was flashed. The ex.
peesation vas that the completion of
ahis branch would vOEk up boom thas
would enable holders 10 sell oat at a
profit, Probably three quarters Of the
real estate owners In TacOma today
boueha property, noe for Investment
bat for speculation; and 20 doubl not
bat that moss OF them are auxiously
awaiting an opportunity that will en-
able them TO dispose Of their holdings.
We see Indications. however. that the
Insiders have unlOaded. aad IL shis be
20. We fear that the expected boom has
reached ice limit aud that a oolApaa
may soon be expected that will be dis
sssFsus 70 small molders. Who have bean
AsnAcisusiy hanging on In expectation
Of the good things that we're coming.
1The remark q Superintendent Back
ley that through trains frSm the East
would not step al Tacoma, bat would
80 straight through 10 Portland, ana
that, therefore. Tacoma would not, after
all, be The terminus Of The road, was
among the nrst intimAiions that ne had
Of the fact that The heavy men had
abandoned the deal. Gaming elose upon
this ts The news thai General SprAsus,
man who ls IN = position 10 know all
that 10 being done or contemplated 10
Northern Pacific circles. Ia slllsg cat.
We are also informed that Mr.. wilcox,
the cashier Of IAdd A Tilton, the we'll
known Portland BANKERS, recently sold
oss What real estate be osuea 10 Ta.
coma.
These things are SettAinly Indicative.
ana ve venture the prediction that the |
expeoeea rush 10 lay viii dsvelop. BE-
fore the sumner is over. into 9 rush 10
,eli.
CN4ts&S Us ~ ANe+AAk hNAtaAA see
ma - . legitimate rival. aud ws say
that We Do. not frOu desire 10 iajare
he prospects Of the city. bat from q
irn conviction Of The truih Of ear off
epeassd remark that u takes mors than
! railroad 10 make = great city. THAT
Tacoma has = future ve have no doubt
{ the proper course h parsast, Bat
. long 90 Il depends on the soheminS
nd manipulation Of land rms 60
rake u pro- pesous Il Will never gro
Fsss. Il is position and eaasrprtss
omhsnsd With unlimited resources
hat make = city, and IL Is thsss things
hat give 10 Seattle its pressAi sabSsAn-
al prosperity and fasars pssspscts Se
sale has no need 10 hslittle . rival town
o exhibit lie oun strength Her ad- 1
ABtages are sach that they have only
! ~ aaan a h. arpFQssiatsA